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Multifamily Loans in
Perrysburg, OH

Overview

Perrysburg is located in a what is considered a small market for 5+ unit multifamily loans. Multifamily loans in Perrysburg are considered moderate risk due to market dynamics. Interest rates for multifamily loans in Perrysburg are slightly higher than the national average. Perrysburg apartments may be eligible for non-recourse multifamily loans up to 75% for purchases and 70% for refinances. SoftQuotes' lenders will lend lend on 5+ unit multifamily properties in Perrysburg.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Loan Rates in Perrysburg, OH

SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Perrysburg are:

Fannie Mae®
$1M to $6M
5 Year Fixed 3.74% - 4.44%
7 Year Fixed 3.68% - 4.38%
10 Year Fixed 3.79% - 4.49%
Freddie Mac®
$1M to $6M
5 Year Fixed 3.56% - 3.80%
7 Year Fixed 3.39% - 3.63%
10 Year Fixed 3.51% - 3.75%
Fannie Mae®
$6M to $100M
5 Year Fixed 3.34% - 4.04%
7 Year Fixed 3.28% - 3.98%
10 Year Fixed 3.39% - 4.09%
Freddie Mac®
$6M to $100M
5 Year Fixed 3.21% - 3.46%
7 Year Fixed 3.38% - 3.83%
10 Year Fixed 3.33% - 3.73%
Additional rate discounts for affordability and energy efficiency. Longer term fixed rates available. Rates updated on 12/07/2021. This is not an offer or commitment to lend. Multifamily loan rates in Perrysburg may vary based on income, leverage and other factors. Fannie Mae is a registered trademark of Federal National Mortgage Association Corporation. Freddie Mac is a registered trademark of the Federal Home Loan Mortgage Corporation.

Get multifamily loan quotes for Dec 08, 2021


Multifamily Lenders in Perrysburg, OH

Agency lenders along with regional banks and credit unions are most likely to lend on multifamily properties in Perrysburg.


Agency Lenders
(Fannie / Freddie / HUD)
  • Long term fixed rates
  • Moderate leverage
  • Tax returns not required
  • Non-recourse
  • Rate discounts for affordability

Banks &
Credit Unions

  • Intermediate term fixed rates
  • Moderate leverage
  • Tax returns usually required
  • Recourse

Get multifamily loan quotes for Dec 08, 2021


Perrysburg Market

The city of Perrysburg in Wood County has a population of 21,626. The median rent in Wood County for a 2 bedroom is $848. The median Perrysburg resident is 37 years old with a yearly income of $49,597. The average family has 3.09 members and a median household income of $90,633. Perrysburg has a 53% higher education rate. The unemployment rate in Perrysburg is 3.3%.


Population
21,626 people

County
Wood County

Renters

34.9% of Perrysburg households are renters.


Rent Burden

20.9% median household income spent on rent.

Source: U.S. Census Bureau

Rents

Bedrooms
Wood County 1
Ohio 2
National 2
Studio $572 $597 $737
1 bedroom $656 $662 $813
2 bedroom $848 $834 $1,015
3 bedroom $1,151 $1,084 $1,325
4 bedroom $1,261 $1,205 $1,521
1 Median rents 2 Average of counties
Source: Federal Housing Finance Agency

Perrysburg Demographics


Median Individual Income
$49,597 / year

Median Household Income
$90,633 / year

Families w/ Dual Incomes
59%

Unemployment Rate
3.3%
Household Income Distribution
Perrysburg, OH

Median Age
37 years

Avg Family Size
3.09 people
Age Distribution
Perrysburg, OH

College Education or Above
53%

STEM College Graduates
41%
Education Distribution
Perrysburg, OH
Source: U.S. Census Bureau

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